M & B Engineering (NSE:MBEL) ROE %: 16.44% (As of Mar. 2026) — 19% Below Median


NSE:MBEL M & B Engineering Ltd NSE:MBEL
18 GF Score
Price ₹303.50
! 2 Warning Signs
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What is M & B Engineering ROE %?

M & B Engineering NSE:MBEL -0.54% 18 ROE % is 16.44% as of Mar. 2026, which is 19% below its 10-year median of 20.20. GuruFocus rates NSE:MBEL with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,743 Construction companies, M & B Engineering ranks better than 81.81% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. M & B Engineering's annualized net income for the quarter that ended in Mar. 2026 was ₹1,080 Mil. M & B Engineering's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹6,571 Mil. Therefore, M & B Engineering's annualized ROE % for the quarter that ended in Mar. 2026 was 16.44%.

The historical rank and industry rank for M & B Engineering's ROE % or its related term are showing as below:

NSE:MBEL' s ROE % Range Over the Past 10 Years
Min: 11.24   Med: 20.2   Max: 28.56
Current: 17.83

During the past 5 years, M & B Engineering's highest ROE % was 28.56%. The lowest was 11.24%. And the median was 20.20%.

NSE:MBEL's ROE % is ranked better than
81.81% of 1743 companies
in the Construction industry
Industry Median: 6.69 vs NSE:MBEL: 17.83

M & B Engineering  (NSE:MBEL) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1080.028/6570.987
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1080.028 / 14548.268)*(14548.268 / 11606.22)*(11606.22 / 6570.987)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.42 %*1.2535*1.7663
=ROA %*Equity Multiplier
=9.3 %*1.7663
=16.44 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1080.028/6570.987
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1080.028 / 1430.256) * (1430.256 / 1353.612) * (1353.612 / 14548.268) * (14548.268 / 11606.22) * (11606.22 / 6570.987)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7551 * 1.0566 * 9.3 % * 1.2535 * 1.7663
=16.44 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


M & B Engineering ROE % Related Terms


M & B Engineering ROE % Historical Data

* Premium members only.

The historical data trend for M & B Engineering's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

M & B Engineering ROE % Chart

M & B Engineering Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
11.24 20.20 22.07 28.56 19.23

M & B Engineering Quarterly Data
Mar22 Mar23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 39.00 23.42 14.93 17.14 16.44

NSE:MBEL vs PWR, FIX, EME: ROE % Comparison

For the Engineering & Construction subindustry, M & B Engineering's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


M & B Engineering ROE % vs Construction Industry

For the Construction industry and Industrials sector, M & B Engineering's ROE % distribution charts can be found below:

* The bar in red indicates where M & B Engineering's ROE % falls into.


NSE:MBEL
18GF Score
M & B Engineering Ltd NSE:MBEL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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M & B Engineering ROE % Calculation

M & B Engineering's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=926.358/( (3065.34+6570.987)/ 2 )
=926.358/4818.1635
=19.23 %

M & B Engineering's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=1080.028/( (0+6570.987)/ 1 )
=1080.028/6570.987
=16.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 16.44% mean?
M & B Engineering (NSE:MBEL) has a ROE % of 16.44% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on M & B Engineering and its competitors. This is 19% below median its historical median of 20.20. Over the past decade, M & B Engineering's ROE % has ranged from 11.24 to 28.56. According to the industry distribution chart, M & B Engineering ranks #317 out of 1743 companies in the Construction industry, placing it in the top 18.2%.
Is M & B Engineering's ROE % too high?
M & B Engineering's current ROE % of 16.44% is 19% below median its 10-year median of 20.20. Over the past 10 years, this metric has ranged from a low of 11.24 to a high of 28.56. The Construction industry median ROE % is 6.69. M & B Engineering's value of 16.44% is 145.7% above this industry median. Based on the distribution chart, M & B Engineering ranks #317 out of 1743 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, M & B Engineering has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does M & B Engineering's ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, M & B Engineering ranks #317 out of 1743 companies for ROE %. This places M & B Engineering in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 6.69. M & B Engineering's value of 16.44% is 145.7% above this benchmark. Historically, M & B Engineering's own ROE % has ranged from 11.24 to 28.56 over the past decade. While the company's 10-year median is 20.20 vs. the industry median of 6.69, M & B Engineering has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Construction company?
The median ROE % among Construction companies is 6.69, based on 1,743 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. M & B Engineering's current ROE % of 16.44% is 145.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on M & B Engineering and its competitors. For the Construction industry, the median ROE % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M & B Engineering's current ROE % is 16.44%, which is 19% below median its own 10-year median of 20.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M & B Engineering stock overvalued right now?
M & B Engineering (NSE:MBEL) has a current ROE % of 16.44%. The current ROE % is 16.44%, which is 19% below median its 10-year median of 20.20 and 145.7% above the Construction industry median of 6.69. M & B Engineering's overall GF Score™ is 18/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For M & B Engineering (NSE:MBEL), the current ROE % is 16.44% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

M & B Engineering Business Description

Other Exchanges 544470:India
Address Stadium Road, MB House, 51, Chandrodaya Society, Post Navjivan, Ahmedabad, GJ, IND, 380 014
M & B Engineering Ltd is one of India's Pre-Engineered Buildings (PEBs) players. Its business is structured into Phenix division which provides comprehensive solutions for PEBs and complex structural steel components; and Proflex division which provides self-supported steel roofing solutions. The Company offers its customers comprehensive turn-key solutions which includes project design, engineering, manufacturing and erection in accordance with customer requirements across industrial and infrastructure segments. It has delivered solutions for its customers engaged in diverse sectors including general engineering and manufacturing, food and beverages, warehousing and logistics, power, textiles, and railways.
18GF Score

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